Offering car loans from $5,000 to $25,000, Jacaranda Finance's rates start at 10.48% p.a. (12.56% p.a. comparison rate*) depending on a customer's individual credit score.
In assessing customers, Jacaranda Finance uses the ratings of Excellent, Very good, Good, Okay and Average.
Those with an average credit score can expect to receive a rate of 18.95% p.a. (29.80% p.a. comparison rate*).
Customers can opt for a loan term with Jacaranda from 12 to 36 months, with repayments to be made either weekly, fortnightly or monthly.
Jacaranda Finance's car loans are designed to cut down the time it takes for Aussies with an average credit score to get finance approved for a new set of wheels, claiming customers are able to receive approval and settlement in as little as 60 minutes.
Jacaranda Finance CEO Daniel Wessels said too much of the commentary and advertising around car loans is focused upon the top percentile of borrowers and leaves out the majority of people seeking car finance.
“If you go online and search for car loans, you’ll probably find a website advertising ultra-low interest rates of sub-5 per cent, telling you to apply for the lowest-rate loan you can find,” Mr Wessels said.
“But in reality, these loans are only actually available for the best of the best: the lenders offering them won’t accept you if you don’t have extremely perfect credit."
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Variable | New | 1 year | More details | ||||||||||
FEATURED | New - Home Owner Special
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New - Home Owner Special
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Fixed | New | 99 years | More details | ||||||||||
APPLY ONLINE | New Car Loan
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New Car Loan
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Fixed | New | 1 year | More details | ||||||||||
Approval within 24 hoursEarly payout available | New Car Loan - Special (Fixed)
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New Car Loan - Special (Fixed)
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Fixed | New | 2 years | More details | ||||||||||
New Vehicle Fast Loan Low Rate |

- Redraw facility available up to $5000/day
- Available for purchasing new and demo vehicles
- $5,000 to $150,000 loan amount
- Required: Good credit history, stable employment history. Aus citizenship or PR.
Image by Snowscat via Unsplash

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